ClayTrader

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About me I am a full time blogger & stock trader. Technical analysis & charts are the foundation to my trading. I enjoy teaching & helping others.
Joined USA claytrader25
Markets Allocation
100 % stocks
Top Mentioned Symbols
LOCO 50% | 1 MNKD 50% | 1
ClayTrader ClayTrader MNKD, D, Short ,
MNKD: $MNKD Current Technical Pattern Along with Support & Resistance
324 1 3
MNKD, D Short
$MNKD Current Technical Pattern Along with Support & Resistance

Although at the time of making these annotations MNKD is gapping-up in the premarket, the fact of the matter is this chart has been in a nasty downtrend and has formed a Bear Pennant Pattern. If it does gain any upside strength, the true test will come if the price can make it up to the pivotal $8 level. Until any multi-day closes above $8, I will remain bearish.

ClayTrader ClayTrader LOCO, D, Short ,
LOCO: LOCO Short Trade Price Targets
192 0 2
LOCO, D Short
LOCO Short Trade Price Targets

With LOCO approaching some key overall areas of support, there could be some nice short side trade opportunities approaching. $29 has proven to be a pivotal point of support, so all my current short ideas revolve around this price point in particular.

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